Q1 2016 Operations Update & Updated Reserves Report

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Woodford, Mississippi Lime and the Hunton in Oklahoma. This includes an update on the Company’s daily production rate and an independent Reserves Report as at 1 January 2016.